Video: Dax investors start the week cautiously

STORY: Dax investors were initially reluctant to buy shares early on Monday morning, while the leading German index was then able to record a significant increase over the course of the day. Robert Halver, head of capital market analysis at Baader Bank, was clearly impressed at the beginning of the week in Frankfurt: “That’s what you call staying power. Although the midterm elections are taking place in the USA. The result is very, very nebulous. And although China, the zero Covid strategy ensures that imports and exports develop poorly, thus also for world culture, thus for export values, thus for the DAX itself – one has to say stayer quality, that is, the bad, lousy bad mood seems to be slowly but surely dying down. ” The ongoing upward trend on the stock markets in China is providing positive impetus, said a trader. According to Robert Halver, there are also positive developments in the USA that are interesting for the stock market: “The US Federal Reserve has said with great care that the key interest rate will be 5%. That is a high key interest rate, but in a situation where we are all afraid is at least maintaining an interest rate level of 5%, which does not rise any further, then at least good news for now.And there is a small rumor in the market: obviously the Americans want to put a little pressure on Ukraine , then sit down at a table with Russia. It will certainly take a while, but any positive news, even if it’s just a rumour, is welcomed by the financial markets.” The dollar index, which tracks the rate against major currencies, slipped 0.6 percent to 110.45 points. In return, the euro rose by 0.3 percent to $ 0.998. A survey on Monday showed that investor sentiment in the euro zone improved overall in November. The background is the hope that the recent mild temperatures and falling energy prices will prevent gas rationing this winter.

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